Rising Government Investments to Boost Construction Industry in Colombia in the Coming Years
No of Pages – 69 Publishing Date- December, 2016
Browse detailed TOC, Tables, Figures, and Charts in Global Serial Device Server Consumption 2016 Market Research Report at:
http:// www. marketresearchhub. com / report / construction-in-colombia-key-trends-and-opportunities-to-2020- report. html
The rapid expansion of the construction sector in Colombia has given a positive growth to the market. Due to the government investments, country’ s construction industry will continue to expand in real terms over the forecast period, studied by Timetric’ s new report added to the wide database of Market Research Hub( MRH). Colombia Construction Industry Market Report analyzes that in real terms the registered growth rate was 3.9 % in 2015 which was lesser than the previous years. Thus, economic recovery united with government investments in residential and infrastructure enhanced the issuance of building permits and contributed to its growth. According to the key findings, strengthening of the government’ s housing programs, as well as a continued prominence on improving transport infrastructure of Colombia’ s construction sector is well placed for growth over the forthcoming years. Construction of highways and other infrastructure is accelerating as successive tenders for the Fourth Generation( 4G) road projects are launched. Under the 4G highway program, the investment of COP70.0( i. e. US $ 35.0 million) to renovate 8000 km of road and 3500 km of the four-lane highway by 2020 is assessed.